Inspiration Intersects 0.916% Ni Over 7.40m or 24.28ft
posted on
Feb 19, 2008 05:06AM
The company is exploring for nickel deposits on its Langmuir property near Timmins, Ontario; for nickel-gold-copper on its Cleaver and Douglas properties; and for molybdenum and rare earth elements at recently acquired Desrosiers property.
INSPIRATION MINING CORP | ||
![]() | ||
![]() | ||
![]() |
Inspiration Intersects 0.916% Ni Over 7.40m or 24.28ft and 1.001% Ni Over 8.36m or 27.43ft Containing 4.160% Ni Over 0.67m or 2.20ft (True Width) 12/13/2007 |
![]() |
|
![]() |
TORONTO, ONTARIO, Dec 13, 2007 (MARKET WIRE via COMTEX News Network) -- Inspiration Mining Corporation (the "Corporation") (TSX: ISM)(FRANKFURT: 0I8) is pleased to announce the results of the continuation of their diamond drilling program on its Langmuir Project, located in Langmuir Township south of Timmins, Ontario. The Langmuir Property consists of 69 unpatented contiguous mining claim units covering approximately 1090 hectares in the north-central portion of Langmuir Township, Porcupine Mining Division, and District of Cochrane, Ontario. The property is approximately 25 km southeast of Timmins, Ontario, and hosts the past producing Langmuir No.1 Mine, and majority of the past producing Langmuir No. 2 Mine. Inspiration is continuing the drilling at the Langmuir Project - Langmuir No.1 Mine. The detail fill-in drill program is designed to complete the definition of the nickel bearing mineralization below the 300-foot mine level to a vertical depth of approximately 900 feet below surface. The following table indicates the drill information for the Langmuir No. 1 Mine drill holes:
Drill holes L107-83 and L107-84, which were drilled from the same set-up, are located at previously released drill holes L107-40 and approximately 150 east of previously released drill holes L107-26 to L107-28. Drill holes L107-83 was designed to locate the upper limits of the nickel mineralization that was dyked out in drill hole L107-27 but was present in L107-28, which returned 2.001% Ni over 13.05m or 42.81 ft (True Width). The zone was not intersected in L107-83 due to a displacement fault and several felsic dykes similar to L107-27. Drill hole L107-83 was located approximately 50 feet down dip from L107-27 and 60 feet up dip from L107-28. Drill hole L107-84 intersect the nickel mineralization approximately 158 feet down dip from L107-28 and approximately 80 feet down dip from previously released drill hole L107-40 and approximately 235 feet up dip from the nickel mineralization in previously released drill hole L107-66. Drill hole L107-85 is located at the previously released drill hole L107-63 drill setup and approximately 125 feet east of previously released drill holes L107-32 to L107-34. The intersection from 270.50m to 283.00m is located approximately 70 feet down dip from previously released drill hole L107-63. The following assay results for drill holes L107-83 to L107-85 at the former Langmuir No.1 Mine have been received, compiled and condensed to the following:
The nickel bearing sulphide mineralization, with estimations ranging from 1% to 20% fine-grained disseminations up to massive 100% sulphides, is contained within serpentenized komatiitic ultramaftic extrusive flows with occasional spinifex texture. The assaying technique used is the industry standard for base metal assaying, which uses nitric and hydrochloric acids that extracts nickel only from sulphide mineralization and not from nickel silicate minerals. The assaying of split core samples was conducted by Swastika Laboratories, and included the insertion of blanks and standards. The Qualified Person in charge of the Langmuir Project and the person who prepared the technical data in this release is Kian Jensen, B.Sc., P.Geo. (Ont). The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this release. Contacts: Inspiration Mining Corporation Randy Miller President (905) 853-7400 Website: www.inspirationmining.com For Investor Relations call: Gale Capital Corporation (604) 221-7604 (604) 221-7606 (FAX) Email: galecapital@shaw.ca SOURCE: Inspiration Mining Corporation http://www.inspirationmining.com mailto:galecapital@shaw.ca Copyright 2007 Market Wire, All rights reserved. |